Question
What equal monthly payment would you have to make into a 12% account (monthly compounding) if you want to accumulate a total of $500,000 by
What equal monthly payment would you have to make into a 12% account (monthly compounding) if you want to accumulate a total of $500,000 by the end of 30 years?
| $98 | ||
| $129 | ||
| $135 | ||
| $143 | ||
| none of these |
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Public Finance
Authors: Harvey Rosen, Ted Gayer
10th edition
9781259716874, 78021685, 1259716872, 978-0078021688
